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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 11/20/2009 : 07:58:48
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CNBC: Dollar may rebound back over 76.
CNBC's Rick Santelli saying this morning that the U.S. dollar may rebound back over 76 for " a couple of weeks".
Of the entire CNBC crew I respect Rick the most. Right or wrong in this thinking, If we see a higher dollar it would drive PM prices down. (Along with the stockmarket.) This may give a window of opportunity for PM buying. But more important, if it should happen it should not discourage physical precious metal holders who are into PMs over the long term.
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Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 11/20/2009 : 08:05:10
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| Gold is holding up well ($1140) ,so far, dispite the stronger dollar. |
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Think positive. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 11/20/2009 : 12:51:32
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| A lot of orders to buy PM's below the market. Many suddenly want some and are eager for any pullback. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 11/20/2009 : 19:03:32
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| Gold ended at up at a record $1150. Not bad at all considering the "stronger dollar". It is going to take more than a talk from Uncle Ben to get gold buyers confidence in the dollar. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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billo
Penny Collector Member
293 Posts |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 11/21/2009 : 04:20:54
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the dollar gets manipulated, Precious metals get manipulated(in the COMEX), but even if PM's go down for a while, they are by far a better hold over the long term!! And I do believe that the manipulation will end its hold at some point!
And I don't mind manipulation in the short term, because it gives me a buying opportunity!! :) |
"May your percentages ever increase!" |
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CNBC: Dollar Rebound Could Happen
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